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by Stockwatch Business Reporter

New York spot gold rose $27.30 to $1,868.70 on Wednesday. The TSX-V lost 1.96 points to 693.80 while the TSX gold index added 5.06 points to 382.49. Endeavour Mining Corp. (EDV) slid 68 cents to $34.57 on 1.07 million shares on word that its Hounde mine in Burkina Faso has added over 550,000 ounces to its resource base. The company now has 74.6 million tonnes measured and indicated at 1.85 grams of gold per tonne, about 4.45 million ounces. New Gold Inc. (NGD) was strong today, adding 10 cents to $2.15 on 5.12 million shares, and McEwen Mining Inc. (MUX) kept up its torrid pace, adding another seven cents to $1.80 on 2.29 million shares. McEwen had bottomed at 76 cents in mid-March.

There was no call for party hats or horns in the offices of Thomas Ullrich's Aston Bay Holdings Ltd. (BAY), which slumped to an intraday low of 7.5 cents before ending the day down four cents to eight cents on 10.05 million shares. The drubbing followed assays from a new phase of drilling at the Buckingham gold project in central Virginia. The 10-hole, 1,218-metre drill program returned assays of up to 29.9 grams of gold per tonne, but over a true width of just 0.74 metre, a high-grade interval that padded a 5.03-metre broader zone that ran 5.81 grams per tonne.

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